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- Description:
- The failure of banks has financial, economic, social and political implications. Banks serve as deposit holders and financial intermediaries. As deposit holders they are the custodians of savings and via the market for capital, transfer the savings into investment or consumption. The particular role which banks play in the modern economy is significant and accordingly they are subjected to an extensive regulatory framework to ensure that they can continue to play the role for which they have been designed and to maintain confidence in the monetary andfinancial system. Despite these regulations (some would argue, because of these regulations) banks still become insolvent or fail to meet the conditions for maintenance or renewal of their licences. The final arbiter of this decision is usually the central bank. In the Republic of South Africa (RSA), it has been suggested that the central bank - Reserve Bank of South Africa (RB) - has been unduly political in determining the manner in which it has applied banking regulation and conducted its role as lender of last resort. This paper contributes to this debate by discussing the manner in which the RB has performed its role and ways in which bank supervision in South Africa can be improved.
- Date Issued:
- 1998-12-01T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- African Journal of Political Science
- Description:
- Since the 1994 elections ushered in the Government of National Unity (GNU) led by Nelson Mandela and his African National Congress there have been claims that a stable, multi-racial democratic society has finally triumphed in South Africa. This article refutes such thesis; it examines the prospects for consolidating democracy, and argues that the lack of significant progress regarding social (class and race) and economic (ownership) relations under the GNU is likely to precipitate a political crisis. This could produce an authoritarian response and thereby severely compromise the democratic and socio-economic aspirations which inspired the anti-apartheid struggle.
- Date Issued:
- 1997-12-01T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- African Journal of Political Science
- Date Issued:
- 1999-06-01T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- African Journal of Political Science
- Description:
- South Africa's general elections of 1994 was a unique occurrence in the country's history, having for the first time enfranchised the majority of the country's citizens. The 1999 elections advanced this process of democratizing the South African policy. This article examines the electoral systems that were applied to two elections, as well as the role of the Independent Electoral Commission in connection with those two elections. It argues that the legal and institutional frameworks established by the relevant laws ensured free and fair elections; but above all they advanced the democratization process.
- Date Issued:
- 2001-06-01T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- African Journal of Political Science